Honda Motor (NYSE:HMC) Trading 1.7% Higher - Still a Buy?

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) shares rose 1.7% during mid-day trading on Friday . The stock traded as high as $29.10 and last traded at $28.84. Approximately 543,200 shares changed hands during trading, a decline of 46% from the average daily volume of 998,324 shares. The stock had previously closed at $28.37.

Analysts Set New Price Targets

A number of brokerages have recently commented on HMC. StockNews.com cut shares of Honda Motor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 2nd. UBS Group upgraded shares of Honda Motor from a "sell" rating to a "neutral" rating in a report on Wednesday, December 18th.

Honda Motor Stock Performance

The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $27.22 and a 200 day moving average of $30.20. The stock has a market cap of $49.20 billion, a PE ratio of 7.10, a P/E/G ratio of 2.57 and a beta of 0.62.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The company had revenue of $36.24 billion for the quarter, compared to analysts' expectations of $35.60 billion. Equities analysts predict that Honda Motor Co., Ltd. will post 4.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HMC. Fisher Asset Management LLC boosted its stake in Honda Motor by 2.3% during the third quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company's stock worth $328,273,000 after buying an additional 227,890 shares during the period. Equity Investment Corp lifted its holdings in shares of Honda Motor by 1.8% in the 3rd quarter. Equity Investment Corp now owns 2,097,616 shares of the company's stock worth $66,557,000 after acquiring an additional 36,221 shares during the last quarter. FMR LLC boosted its position in shares of Honda Motor by 52.5% during the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company's stock worth $43,021,000 after purchasing an additional 466,842 shares during the period. American Century Companies Inc. increased its holdings in Honda Motor by 10.3% in the 2nd quarter. American Century Companies Inc. now owns 442,458 shares of the company's stock valued at $14,265,000 after purchasing an additional 41,216 shares during the last quarter. Finally, Raymond James & Associates raised its position in Honda Motor by 5.5% in the third quarter. Raymond James & Associates now owns 348,112 shares of the company's stock valued at $11,046,000 after purchasing an additional 18,134 shares during the period. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.